Month: June 2020

XE Market Analysis: Europe – Jun 30, 2020

The dollar has traded modestly firmer, although most pairings have remained within their respective Monday ranges so far today. S&P 500 futures ebbed back, while Asian stock markets gained moderately. Pandemic-related nervousness about the global economic outlook continues to view with incoming May and June data that are mostly showing a strong rebound from the… Read more »

Have we listed your 2020 spring bull sale details?

Beef Central is putting the finishing touches on its 2020 spring bull sales calendar, featuring sales fixtures nationwide across all major beef breeds being held between now and December. Is your sale included? Source: Beef Central Have we listed your 2020 spring bull sale details?

Genomic opportunities emerging for commercial Angus breeders

Improvements in genomic or DNA-based technology has now made the prediction of breeding values for commercial Australian Angus animals a reality, stakeholders attending the recent 2020 Angus Connect R&D update heard. Previously, pedigree information was required to understand the relationship between animals, but now genomic technology enabled the relationship between animals to be determined through… Read more »

Record cattle prices face risks amid global pandemic

While a largely recovered Australian dollar explains some of the downward pressure, weak global demand fundamentals for some commodities will be an issue over the coming months, says NAB, in its latest Rural Commodity Wrap. While buying activity is expected to continue as long as it keeps raining, there are substantial risks for the sustainability… Read more »

Weekly kill: QLD cow offers push 20c higher in processor grids

Supply has won the day over demand this week, as some Queensland processors push their cow grids 20c/kg higher in the face of meagre mid-year access to slaughter cattle. Source: Beef Central Weekly kill: QLD cow offers push 20c higher in processor grids

Smart-phone based carcase grading camera shows big potential

Rapid advances in smart-phone camera technology is one of the drivers behind the development of a unique objective carcase measurement tool. The feature that sets the new MasterBeef prototype apart from other objective carcase measurement technologies is that it does not rely on specialised or custom-built cameras, mounts or lighting systems, but uses an ‘everyday’… Read more »

Federal Court awards $2.94m damages to Brett Cattle Company

The Brett Cattle Company, the lead applicant in the successful class action against the Federal Government’s June 2011 decision to temporarily suspend cattle exports to Indonesia, will receive almost $3 million in damages, the Federal Court judge ruled on Monday. Source: Beef Central Federal Court awards .94m damages to Brett Cattle Company

New feedmill commissioned, old plants set for redevelopment: Ridley

Ridley commissions its new feedmill near Bendigo in Victoria at an outlay of more than $47m and readies the old Bendigo site and the Goulburn Valley Mooroopna site for redevelopment. Source: Grain Central New feedmill commissioned, old plants set for redevelopment: Ridley

GrainCorp seeks biggest harvest workforce since 2016

As Australia’s biggest bulk handler, GrainCorp is looking for up to 3000 harvest casuals in total to work at sites in NSW, Queensland and Victoria. Source: Grain Central GrainCorp seeks biggest harvest workforce since 2016

XE Market Analysis: Asia – Jun 29, 2020

The Dollar was mostly higher in N.Y. trade on Monday, supported by much better than expected pending home sales and Dallas Fed index outcomes. The DXY rallied to 97.64 from opening lows of 97.13. Wall Street was sharply higher, despite ongoing virus concerns, buoyed by the data, and renewed hopes for a V-shaped economic recovery…. Read more »

Paltry returns prompt call for review of chicken meat processing

Farm lobby groups want an inquiry into the poultry industry, claiming it is going down the same path as the dairy industry and dollar-a-litre milk. Source: ABC Livestock Paltry returns prompt call for review of chicken meat processing

XE Market Analysis: Europe – Jun 29, 2020

The dollar has traded mostly softer so far today. Asian stock markets have tumbled, though U.S. equity index futures have posted moderate gains, rebounding a little after closing quite sharply in the red on Wall Street on Friday. The yen concurrently traded with a neutral-to-softer bias, despite the risk-off backdrop in regional equity markets, which… Read more »

End of an era for Quoiba saleyard in Tasmania's north-west

The region’s last remaining livestock-selling facility near Devonport holds its last sheep sale, with livestock being shifted to a central facility at Powranna in the northern Midlands. Source: ABC Livestock End of an era for Quoiba saleyard in Tasmania’s north-west

Regional beef exports recommence out of Townsville

For the first time in more than ten years, the Port of Townsville is being used to export Australian beef to key Asian markets. Source: Beef Central Regional beef exports recommence out of Townsville

Funding reignites northern fire indicator website

The Federal Government has committed to spending $729,006 to ensure the North Australia & Rangelands Fire Information (NAFI) service can continue through the 2020/21 fire season. Source: Beef Central Funding reignites northern fire indicator website

Agricultural shows to receive $36m lifeline

The Federal Government will fund a $36 million support package for agricultural shows to help them deal with cash flow pressures caused by COVID-19-related cancellations. Source: Beef Central Agricultural shows to receive m lifeline

Nuffield applications open for 2021

Applications for the 2021 Nuffield Scholarship program open from today, providing the opportunity for agriculturalists to research important rural concepts, techniques and systems. Source: Beef Central Nuffield applications open for 2021

WoolProducers seeks temporary halt to wool and sheep levies

PEAK grower body WoolProducers Australia wants wool and sheep transaction levy collection halted for 12 months from August this year to help producers recover from the COVID-19 pandemic. Source: Sheep Central WoolProducers seeks temporary halt to wool and sheep levies

Forward wool market levels trend lower

FORWARD wool markets traded marginally lower last week, with bidding from exporters keen to cover some of the forward sales providing hedge opportunities for growers into the spring. Source: Sheep Central Forward wool market levels trend lower

Australian grain industry critical for regional jobs

A new report has revealed a strong correlation between Australian grain production and jobs in regional areas – about one job for every 1000 tonnes of grain produced. Source: Grain Central Australian grain industry critical for regional jobs

New National Wild Dog Action Plan provides blueprint for best practice management

The National Wild Dog Action Plan has so far returned a cost-benefit ratio of between 6:1 and 16.5:1 for each dollar invested, stakeholders were told during the launch of the latest 2020-30 updated action plan today. Source: Beef Central New National Wild Dog Action Plan provides blueprint for best practice management

New National Wild Dog Action Plan provides blueprint for best practice management

The National Wild Dog Action Plan has so far returned a cost-benefit ratio of between 6:1 and 16.5:1 for each dollar invested, stakeholders were told during the launch of the latest 2020-30 updated action plan today. Source: Sheep Central New National Wild Dog Action Plan provides blueprint for best practice management

On-the-spot fines not on with new mulesing pain relief rules

VICTORIAN sheep producers will not be issued with ‘on-the-spot’ fines under new regulations that mandate pain relief for mulesing from Wednesday this week. Source: Sheep Central On-the-spot fines not on with new mulesing pain relief rules

Young cattle prices trend down in larger AuctionsPlus offering

Most young cattle categories trended down in price on AuctionsPlus this week, where numbers offered jumped by almost 5000 to 19,361 head. Southern QLD dominated the purchasing, securing 2491 head, followed by Central Western NSW with 1943 head. Source: Beef Central Young cattle prices trend down in larger AuctionsPlus offering

XE Market Analysis: North America – Jun 26, 2020

Narrow ranges with a modicum of yen firmness have been prevailing against a backdrop of higher equity markets in Europe and Asia, which have tracked Wall Street gains, though U.S. equity index futures have shown little directional impulse. China markets were closed for a second day, and will reopen on Monday. Concerns about a new… Read more »

XE Market Analysis: Europe – Jun 26, 2020

Narrow ranges have been prevailing against a backdrop of moderate gains across Asia-Pacific equity markets, which have tracked Wall Street gains, though U.S. equity index futures have posted modest declines. China markets were closed for a second day. Concerns about a new wave of coronavirus cases as economies reopen (the U.S. reported a fresh high… Read more »

Recruitment: ICMJ’s online careers expo extends to three days

The Intercollegiate Meat Judging Association will host a three-day digital careers expo, with a range of online activities now planned starting with an industry advice panel on Wednesday July 8. Source: Sheep Central Recruitment: ICMJ’s online careers expo extends to three days

Property: Mixed results for southern Qld online auctions + VIDEO

One property sold under the hammer for a competitive price, while another being offered by the same owners was passed in on a vendor’s bid in southern Queensland grazing property online auctions held on Wednesday. Source: Beef Central Property: Mixed results for southern Qld online auctions + VIDEO

Food service ‘slowly stirring’ after three month COVID slumber

Encouraging statistics are emerging suggesting the food service sector (hotels, restaurants, cafés and catering) is getting back on its feet after COVID-19 closures. Source: Beef Central Food service ‘slowly stirring’ after three month COVID slumber

Growers call for WoolPoll independence and MLA alignment

INDUSTRY groups and sheep producers have called for the WoolPoll ballot process to be more independent of Australian Wool Innovation and aligned with the five-yearly Meat & Livestock Australia strategic planning cycle. Source: Sheep Central Growers call for WoolPoll independence and MLA alignment

Wool prices fall further, with slight recovery in later sales

AUSTRALIAN wool growers met the market as wool prices fell further this week, with a slight improvement in rates before the close of the last sales for the 2019/20 season. Source: Sheep Central Wool prices fall further, with slight recovery in later sales

Feedgrain Focus: Barley firms as FOT market winds down

Barley values have found some support this week as the supply of interstate grain arriving by ship slows, and China steps up on malting. Source: Beef Central Feedgrain Focus: Barley firms as FOT market winds down

Namoi sees ‘challenging’ FY21 despite widespread rain

Namoi Cotton sees itself as financially sustainable, despite a very small national crop now being ginned, and prospects unclear for the area to be planted in spring. Source: Grain Central Namoi sees ‘challenging’ FY21 despite widespread rain

Seasonal climate outlook July-Sep 2020

August to October is likely to be wetter than average for most of the eastern mainland, the Northern Territory, South Australia and parts of western and southeastern Western Australia. Source: Sheep Central Seasonal climate outlook July-Sep 2020

Seasonal climate outlook July-September 2020

August to October is likely to be wetter than average for most of the eastern mainland, the Northern Territory, South Australia and parts of western and southeastern Western Australia. Source: Beef Central Seasonal climate outlook July-September 2020

Henty field days cancelled for first time since 1970s

One of Australia’s largest agricultural exhibitions is called off amid uncertainty over how the coronavirus pandemic and restrictions will pan out. Source: ABC Livestock Henty field days cancelled for first time since 1970s

Energy users eye-off class action against Stanwell and CS Energy

Lotfeeders are among a group of Queensland energy customers lining up to participate in a proposed class action against the state’s two largest electricity generators over alleged price manipulation. Source: Beef Central Energy users eye-off class action against Stanwell and CS Energy

Recruitment: ICMJ’s online careers expo extends to three days

The Intercollegiate Meat Judging Association will host a three-day digital careers expo, with a range of activities now planned starting with an industry advice panel on Wednesday July 8. Source: Beef Central Recruitment: ICMJ’s online careers expo extends to three days

XE Market Analysis: Asia – Jun 25, 2020

The Dollar rallied into the N.Y open on Thursday, perking up as risk appetite fell through the European morning session. Wall Street was choppy, swapping gains for losses several times through the session. The moves came as investors battled between increasing virus outbreaks and hopes for economic recovery. Risk levels stabilized some later in the… Read more »

XE Market Analysis: North America – Jun 25, 2020

The dollar has lifted amid a backdrop of wobbling stock markets. News of a new ECB Eurosystem repo facility to provide euro liquidity to central banks outside the Eurozone, seemed to give stock markets in Europe a boost after a negative session in Asia, though evidently not enough to offset concerns about surging coronavirus cases… Read more »

XE Market Analysis: Europe – Jun 25, 2020

The dollar has lifted amid a backdrop of tumbling stock markets across the Asia-Pacific region, and with U.S. equity index futures extending lower following the negative close on Wall Street yesterday. Markets in Hong Kong and mainland China have been closed today. Source: XE news feed XE Market Analysis: Europe – Jun 25, 2020

Foreign ownership of agricultural land: Growing, shrinking or about the same?

THE area of Australian agricultural land held by foreign interests declined modestly during the 12 months ended June 30 last year. While there was a small increase in the area… Source: Sheep Central Foreign ownership of agricultural land: Growing, shrinking or about the same?

‘Smart factories’ part of processors’ vision under five-year 2025 strategic plan

RED meat processors have set themselves some ambitious goals covering efficiency, technology, sustainability and market access in the Australian Meat Processor Corporation’s 2020-25 strategic plan released yesterday. Against a backdrop… Source: Sheep Central ‘Smart factories’ part of processors’ vision under five-year 2025 strategic plan

‘Smart factories’ part of processors’ vision under five-year 2025 strategic plan

Red meat processors have set themselves some ambitious goals covering efficiency, technology, sustainability and market access in the Australian Meat Processor Corporation’s 2020-25 strategic plan released yesterday. Source: Beef Central ‘Smart factories’ part of processors’ vision under five-year 2025 strategic plan

Opinion: ABSF update welcomed by AgForce, ‘but needs to tell our positive story better’

AgForce has welcomed the third annual update for the Australian Beef Sustainability Framework (ABSF) as celebrating the industry’s significant achievements, but noted that it needs to tell this good news story better. Source: Beef Central Opinion: ABSF update welcomed by AgForce, ‘but needs to tell our positive story better’

SunRice posts $22.7 million profit in tough drought year

SunRice has posted a net profit after tax of $22.7 million, maintaining profitability despite long running drought and the second-smallest Australian rice crop on record. Source: Grain Central SunRice posts .7 million profit in tough drought year

Bayer stumps up billions to settle glyphosate litigation claims

Bayer has announced it will pay out US$8.8 billion to US$9.6 billion to resolve current glyphosate litigation actions, bringing closure to about 75 per cent of the current Roundup liability claims. Source: Grain Central Bayer stumps up billions to settle glyphosate litigation claims

Vets suspect tropical dog disease has gone undetected 'for years'

A potentially fatal exotic tick-borne disease was recently discovered in Australian dogs for the first time, but some NT vets suspect it has been circulating undetected since the 1990s. Source: ABC Livestock Vets suspect tropical dog disease has gone undetected ‘for years’

The Australian beef industry’s latest annual sustainability scorecard released

The Australian beef industry’s latest annual sustainability ‘report card’ released today shows the industry is making progress on key sustainability indicators but there is work to be done to better engage industry.  Source: Beef Central The Australian beef industry’s latest annual sustainability scorecard released

XE Market Analysis: Asia – Jun 24, 2020

The Dollar rallied in N.Y. on Wednesday, taking the DXY to highs of 97.11 from overnight lows of 96.55. The USD headed higher largely on safe-haven flows, as the sharp rise in U.S. virus cases saw risk-taking levels evaporate, with fears rising that the tentative economic recovery could come undone if current cases continue to… Read more »

XE Market Analysis: North America – Jun 24, 2020

Most dollar pairings have been holding within their respective Tuesday ranges, while the New Zealand dollar fell by nearly 1% on dovish RBNZ policy guidance, and the pound managed to eke out a six-day high during the Asia-Pacific session before turning lower. EUR-USD recouped to around the 1.1300 level from the intraday low at 1.1270,… Read more »

XE Market Analysis: Europe – Jun 24, 2020

The dollar majors have been plying narrow ranges so far today, mimicking the narrow range in S&P 500 futures, while markets across the Asia-Pacific region have rallied following the bullish close on Wall Street yesterday. The massive amount of liquidity and the anticipation more fiscal relief measures have been buoying equity markets. Source: XE… Read more »

Weekly property review: Are record-high cattle prices making unstocked holdings harder to sell?

Are current record high cattle prices a real hindrance in selling unstocked or significantly understocked grazing properties? With the Eastern Young Cattle Indictor recently hitting a new record high of 772c/kg and cows and calves nationally averaging $2653 on AuctionsPlus on Friday, the current challenges of stocking a bare property acquisition are obvious – especially… Read more »

Smart Farming webinar will focus on natural hazards and risks

MIXED farmers can hear about old and new tricks to manage risks during a Smart Farming webinar, hosted by Agriculture Victoria next week. Source: Sheep Central Smart Farming webinar will focus on natural hazards and risks

Weather bureau is moving to farmer-friendly forecasting

AUSTRALIA’S Bureau of Meteorology has surveyed a cross-section of agricultural producers in a bid to find ways to improve the delivery of rainfall forecasts and make them more readily understood by farmers. Source: Sheep Central Weather bureau is moving to farmer-friendly forecasting

Future of falling WA sheep flock hinges on a good season

WESTERN Australia’s falling sheep flock has been drained by record meat exports in 2019 and more sales of ewes and lambs to eastern states restockers this year, including via increased online sales. Source: Sheep Central Future of falling WA sheep flock hinges on a good season

Fox & Lillie joins opposition to AWEX stance on sheep freeze branding

THE Australian Wool Exchange’s inclusion of sheep freeze branding within its non-mulesed category on the National Wool Declaration is unlikely to be reviewed until next year, despite exporter Fox & Lillie joining calls for a re-think. Source: Sheep Central Fox & Lillie joins opposition to AWEX stance on sheep freeze branding

Will 2021 be the year for lamb payments on IMF and meat yield?

NEW South Wales lamb processor Gundagai Meat Processors could be paying producers on a lean meat yield basis for lambs that meet a minimum intramuscular fat threshold by next year,… Source: Sheep Central Will 2021 be the year for lamb payments on IMF and meat yield?

China requests assurances over COVID safety in imported meat

Exporters of beef, lamb seafood and a range of other perishable food items destined for the China market are being asked to supply declarations supporting the COVID-19 safety of their shipments. Source: Beef Central China requests assurances over COVID safety in imported meat

Roma store sale 23 June 2020: Restockers maintain strong demand

A good buying panel was present with a continued southern and local restocker presence, and all were operating to strong demand especially on quality local lines. Source: Beef Central Roma store sale 23 June 2020: Restockers maintain strong demand

Weekly rainfall wrap + rain outlook, 24 June 2020

Cold fronts brought moderate falls to southwest Western Australia, while a complex low pressure system and cold front produced moderate falls in the southeast, heavy falls to southern Tasmania. Source: Sheep Central Weekly rainfall wrap + rain outlook, 24 June 2020

Weekly rainfall wrap + rain outlook, 24 June 2020

Cold fronts brought moderate falls to southwest Western Australia, while a complex low pressure system and cold front produced moderate falls in the southeast, heavy falls to southern Tasmania. Source: Beef Central Weekly rainfall wrap + rain outlook, 24 June 2020

Foreign ownership of agricultural land: Growing, shrinking or about the same?

While there was a small increase in the area of cropping land held wholly or partially by foreign interests last year, livestock land area held by offshore interests declined, when compared with the previous financial year period. Source: Beef Central Foreign ownership of agricultural land: Growing, shrinking or about the same?

Mum gives ferret mouth-to-mouth after near-death plunge into toilet

Trixie the ferret was clinically dead for 20 minutes after she became trapped in the toilet. But thanks to the cool head of a New South Wales mum (and a hair dryer), Trixie is expected to make a full recovery. Source: ABC Livestock Mum gives ferret mouth-to-mouth after near-death plunge into toilet

Gene-editing technology to create frost tolerant wheat

Researchers use gene-editing technology to create frost-tolerant wheat and say their work could save Australian farmers millions of dollars in lost productivity. Source: ABC Grain Gene-editing technology to create frost tolerant wheat

'Our community deserves better than this': Trio of women launches country paper

The closure of her local newspaper in Yass, NSW spurs former TV journalist and mum of five Jasmin Jones to join forces with two other women intent on giving their community a voice. Source: ABC Livestock ‘Our community deserves better than this’: Trio of women launches country paper

XE Market Analysis: Asia – Jun 23, 2020

The Dollar fell further in N.Y. on Tuesday, taking the DXY to near two-week lows of 96.39 from 96.93, before edging back up to 96.67. Another risk-on session saw broad USD selling emerge at the open, as unwinding of safe-haven flows emerged. Wall Street rallied, while Treasury yields were slightly lower. EUR-USD headed to 1.1349… Read more »

XE Market Analysis: North America – Jun 23, 2020

The news flow today caused a brief risk-off burst in Asia-Pacific markets followed by a sharp recovery. In currencies, this transpired as a bout of dollar and yen outperformance alongside a sharp drop in risk-sensitive currencies such as the Australian dollar, followed by a quick reversal. The cause was miscommunication from the White House. … Read more »

XE Market Analysis: Europe – Jun 23, 2020

The news flow today caused a brief risk-off burst in Asia-Pacific markets followed by a sharp recovery. In currencies, this transpired as a bout of dollar and yen outperformance alongside a sharp drop in risk-sensitive currencies such as the Australian dollar, followed by a quick reversal. The cause was miscommunication from the White House. … Read more »

Weekly genetics review: Increasing the opportunities for genetic selection in Droughtmasters

Ahead of this year’s northern spring bull selling season, several additions to the range of EBVs reported for the Droughtmaster breed have recently been released by BreedPlan. These additional EBVs are a significant enhancement for the breed and will offer commercial cattle producers greater scope to assess the potential of bulls to contribute to traits… Read more »

New, user-friendly BreedPlan website launched

The Agricultural Business Research Institute has launched a a new version of the BreedPlan website. The new-look website will make it easier for BreedPlan users to navigate and locate the information they are seeking. Source: Beef Central New, user-friendly BreedPlan website launched

Weekly kill: Grids steady as supply squeeze tightens heading into EOFY

Direct consignment offers from processors across eastern Australia were largely unchanged this week, as access to slaughter cattle continues to tighten leading into the end of financial year. Source: Beef Central Weekly kill: Grids steady as supply squeeze tightens heading into EOFY

Vibration signalled rotor blade crack for cattle mustering pilot

An observant and quick-thinking helicopter pilot probably saved their life by landing soon after noticing unusual vibrations. A subsequent inspection of the Robinson R22 Beta found a crack in one of the main rotor blades that went almost entirely through its cross-section. Source: Beef Central Vibration signalled rotor blade crack for cattle mustering pilot

Webinar urges caution over pursuit of carcase yield, at the expense of eating quality

The inherent dangers of pursuing lean meat yield at the expense of eating quality was a topic explored in some detail during a recent webinar on Measurement of carcase yield and integration into processing plants. Source: Beef Central Webinar urges caution over pursuit of carcase yield, at the expense of eating quality

Showcasing the legendary Rib Eye steak

Australian Beef has partnered with MasterChef Australia Alumni and owner of Sum Yung Guys, Matt Sinclair, to showcase a great rib eye steak recipe. Source: Beef Central Showcasing the legendary Rib Eye steak

Wagga sale 22 June 2020: Prices fire up for rain-shortened supply

Some pens of grain assisted yearling steers that were well shaped offering domestic buyers plenty of yield made to 454c, pushing prices 35c dearer to average a whooping 439c/kg. Source: Beef Central Wagga sale 22 June 2020: Prices fire up for rain-shortened supply

New group brings together Syngenta AG, ADAMA and Sinochem

Syngenta Group Co Ltd has announced the launch of Syngenta Group, bringing under a single entity Syngenta AG, ADAMA and the agricultural businesses of Sinochem. Source: Grain Central New group brings together Syngenta AG, ADAMA and Sinochem

XE Market Analysis: Asia – Jun 22, 2020

A largely risk-on N.Y. session on Monday weighed on the Dollar as safe-haven flows were reversed, seeing the DXY pull back from Friday’s three-week high of 97.72, to a low of 97.01. Wall Street headed moderately higher after opening in the red, while Treasury yields were little changed. Incoming U.S. data had May exiting home… Read more »

XE Market Analysis: North America – Jun 22, 2020

The dollar dropped back after a short-lived pop higher at the open in Asia-Pacific trading today, inversely correlating with a 0.7%-plus rally in S&P 500 futures, which pointed to an opening gain on Wall Street that would more than reverse Friday’s losses. The narrow trade-weighted USD index (DXY) saw a three-week high at 97.74 at… Read more »

XE Market Analysis: Europe – Jun 22, 2020

The risk-sensitive currencies rebounded from early losses, as stocks in the Asia-Pacific region lifted out of early losses, for the most part, while S&P 500 futures managed gains of 0.5%, wiping out the decline seen during the regular Wall Street session on Friday. AUD-USD printed a one-week low at 0.6085 before rebounding to an intraday… Read more »

AuctionsPlus online wool demand follows physical auction slump

AUCTIONSPLUS reported parallel drops in online wool demand last week as the physical auction market’s benchmark AWEX Eastern Market Indicator dropped to its ;lowest point since 2015. Source: Sheep Central AuctionsPlus online wool demand follows physical auction slump

Native pasture trial shows benefit of fertiliser and management

FERTILISER and good grazing management can lift feed quality in native pastures and help reduce erosion, a trial in east Gippsland’s Tambo Valley has shown. Source: Sheep Central Native pasture trial shows benefit of fertiliser and management

WoolProducers seeks no tariff barriers for wool in new UK deal

AUSTRALIA’S peak wool grower body is hoping the favourable tariff and quota conditions for wool can continue as formal negotiations on the Australia-UK Free Trade Agreement commence. Source: Sheep Central WoolProducers seeks no tariff barriers for wool in new UK deal